grrrrrrrrrrrrrrrrrrrrrrrr arhhhhhhhhhhhhhhhhhhhhhh COFFEEE!!!!!!!! | Page 2 | on ElectriciansForums

Discuss grrrrrrrrrrrrrrrrrrrrrrrr arhhhhhhhhhhhhhhhhhhhhhh COFFEEE!!!!!!!! in the Business Related area at ElectriciansForums.net

you dont need to submit your tax return until jan 31st 2012!! for period of May 2010-March 2011.....!!


i paid 180 for my last return which was only 3 montsh of trading!! look at about 600 quid for a reasonable accountant depending how big your firm is!!! im just sole trader!
 
I always do my own and probably will do for the forseeable future - maybe if I was employing a few other guys, VAT registered etc i might get delegate responsibility but for the time being I reckon I'd spend more in accountancy fees than the extra I'd get back.
Managed to get myself a rebate last year :)
 
average price were looking at if books are kept in good order? £200 - 300?? I have no idea to be honest.

I have no idea either, as I'm owned ... sorry an employee..... My Mrs had a firm she used to be charged about £350 a year for very small set of books.
 
Always had an accountant to do the return but kept own books. All receipts and invoices kept in date order then given to my accountant at the end of each trading year. Atleast i know it's all going to be correct and it's not that dear.
 
All receipts and invoices kept in date order then given to my accountant at the end of each trading year. Atleast i know it's all going to be correct and it's not that dear.

Thats what i do but then do my own return, might get a price on how much it'd cost for them to do the return. They normally manage to find extra things to claim for.
 
answered my question - if Limited you MUST use an accountant.

Was a sole trader now limited (has other advantages, like if all goes t!ts up your home wife and kids aren't involved), to be honest would only use accountant now as stated they KNOW things!
 
ok sorry for this next question but can i claim it before jan 31st?

when the tax year ends, you get from april untill 31st Jan the next year to sort the books out and submit a tax return

ther is nothing stopping you submitting the tax return right now if you have already worked it all out. i'm submitting mine asap as i'm due £1000 back from them because i was taxed at source (CIS) and have paid too much tax as I barely earned more than the personal allowance which is not taxable(only half a year as a sole trader). If it was the other way round and i had been paid gross for a full year and was due to pay my tax bill of thousands, i would wait untill the deadline!
 

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